Theory of Constraints (TOC)

A management philosophy introduced by Eliyahu Goldratt in “The Goal.”

  • Concept: A chain is only as strong as its weakest link (the constraint).
  • The Five Steps:
    1. Identify the constraint.
    2. Exploit the constraint.
    3. Subordinate everything else.
    4. Elevate the constraint.
    5. Don’t let inertia set in; repeat.